On May 6, 2025, AZ LEG reported governor approved bill on auditor access to records.
Effective 90 days after legislature adjourns sine die (May 23), i.e. Sep. 26, 2025.
On Apr. 30, AZ LEG passed bill re auditor general records examination.
AZ LEG passed HB 2368 to amend Arizona revised statutesAZ LEG 41-7-10.1-1279.04 to expand Office of the Auditor General (OAG)'s authority to examine financial records.
Bill requires financial institutions and enterprises to provide specified information relating to state agencies or political subdivisions to OAG when requested to do so.
Legislative Provisions
Authorizes OAG/authorized representatives to have access to financial institutions' or enterprises' data, accounts, books, records, re State entities or political subdivision.
Requires the institution or enterprise to provide all information requested by the OAG or authorized representatives in the form and at time that is prescribed by the OAG.
Authorized representative of financial entity must certify data given to OAG or OAG's authorized representatives, and fees to be paid by State entity or political subdivision.
Financial institution or enterprise is not liable to the State entity or political subdivision for providing the information requested to OAG or OAG's authorized representative.
Legislative History
On Jan. 23, 2025, bill introduced in House; on Feb. 18, 2025, bill was passed in House.
On Feb. 25, 2025, bill introduced to Senate; on Apr. 29, 2025, bill passed in Senate.
On Apr. 30, 2025, bill was delivered to the governor, and is pending governor action.
Effectiveness
If approved, takes effect 90 days after legislature adjourns sine die, so Aug. 8, 2025.
May 2025 AZ LEG Governor Approval
On May 6, 2025, AZ LEG reported governor approved bill on auditor access to records.
Effective 90 days after legislature adjourns sine die (May 23), i.e. Sep. 26, 2025.
Regulators
AZ LEG
Entity Types
Bank; BHC; CU; MG Orig; MSB; SLHC
Reference
Ch. 133, 5/27/2025; Act, 5/6/2025; Bill HB2368, 4/30/2025; Citation: AZ LEG 41-7-10.1-1279.04;
Functions
Compliance; Financial; Legal; Operations; Record Retention
